It started when I was once again struck by how noticeable pullbacks in the day-to-day trend are on 60-minute charts, but I initially dropped down to 5-minute charts to code the indicators for entries and exits (the code is time-reference specific) which I feel calls for a certain amount of precision that is not available on one-hour charts. I then wrote the code for one-minute charts for when I want to get super, super precise with my entries and exits, and last night I wrote the code for 15-minute charts so I can see the bigger picture more easily. A few minutes ago I used my 15-minute chart setup to enter a CADJPY long position because the pair appears to be initiating a brand new reversal to the north, which would give me plenty of room up above in which to reap a profit, thereby providing me with the luxury of a lot more flexibility with respect to my entry level. The only problem is, if I am wrong, my loss will be much greater than what I am normally willing to suffer—but I’m hoping the fact that I believe I’m getting in on the ground floor of a brand new push to the north, even if temporary, means I won’t get stopped out. But now the rate just fell below 81.79, so who knows? It’s now at 81.83. This is where my one-minute chart says I SHOULD have entered a long position. Had I entered using a one-minute chart instead of a 15-minute chart, I could probably have picked up 10 or more pips profit a WHOLE lot faster without anywhere NEAR as much potential drawdown. I’m now long EURUSD as well, but this time I did it the RIGHT way... See? Ten pips profit in twenty-five minutes! But I'm probably going to have wait for hours now before CADJPY finally pays off.